Ripple ETFs Set Record Inflows, But Investors' Interest Fades

Ripple's (XRP) spot exchange-traded funds (ETFs) have been attracting significant attention, setting fresh all-time highs in terms of total net inflows. According to data from SoSoValue, the XRP ETFs drew $2.49 million on Monday and $5.66 million on Tuesday.

However, a closer look at the numbers reveals a concerning trend: 10 out of the last 15 trading days have seen zero net flows. This means that despite the initial surge, investors' interest has waned in recent weeks.

The cumulative total net inflow has risen to almost $1.5 billion, an all-time high according to SoSoValue. Meanwhile, the underlying asset XRP pumped at the beginning of the week, reaching a multi-day peak of $1.16 before returning to below $1.10 as of press time.

The HYPE ETFs, which had been a fan favorite, have also seen a decline in interest. After attracting over $110 million during one week, net outflows dominated the past two weeks, with investors pulling out over $8.6 million in the last five-day trading period.